Investors have come forward with complaints about Robert T. Li [CRD: 4068255, Naperville, Illinois]. Evidently, the securities broker, who worked for LPL Financial LLC, discloses client suitability disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. For more on these disclosures about Li, see below. Remember that the broker denies the accusations against him.
Specifically, an LPL Financial LLC client filed FINRA Arbitration: 22-02910 about Robert Li. Namely, the client alleged that Li made unsuitable recommendations. Because of this, the client allegedly sustained damages on REITs. Therefore, on July 14, 2023, LPL Financial LLC settled this matter by paying the client $100,000 in damages.
Notably, a client of LPL Financial LLC contested Robert Li’s sales practices by filing FINRA Arbitration: 22-02909. Allegedly, Li provide unsuitable advice to the client. It appears that Li caused the client to sustain damages on stocks. Therefore, LPL Financial LLC opted to settle the matter on July 14, 2023, by compensating the client in the amount of $40,000.
Particularly, on January 28, 2002, a Prudential Securities Incorporated client filed a complaint about Robert Li. Namely, the client alleged that Li failed to follow instructions. Because of this, the client allegedly sustained damages on mutual funds. Therefore, the client requested $49,500 in compensation from Prudential Securities Incorporated or Li. Evidently, this complaint is pending a resolution.
Robert Li has worked for LPL Financial LLC as a securities broker and financial advisor since August 2003.
Have you experienced damages because of Robert Li? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group, who has helped recover money for investors in all 50 states, works on a contingency fee basis and advances all costs. Li and brokerage firms Li worked for deny any and all allegations of sales practice violations.
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